Pi Network Stumbles: Failed Transactions Derail Highly Anticipated Upgrade

Technical glitches hit Pi Network's major platform enhancement

Transaction failures plague network during critical upgrade window

Users report widespread issues with processing delays and failed transfers

Development team scrambles to address stability concerns amid community frustration

Another reminder that in crypto, even the most promising upgrades can face unexpected hurdles—because what's digital finance without a little drama?

The Pi Network’s major blockchain upgrade, Protocol 23, is taking longer than expected. Developers have reported a growing number of failed transactions and network issues on the Testnet, which has slowed progress.

Timeline for Completion

The first phase of the upgrade, Testnet1, is still being worked on. Because of the current pace and repeated transaction errors, it may take about another month to finish this stage. Once it is stable, the upgrade will MOVE to Testnet2 and later to the Mainnet, where real transactions will take place.

Given the current speed of the Protocol 23 upgrade on the Testnet and the number of failed transactions being recorded, it will likely take about another month to complete the Testnet blockchain upgrade. Once successfully completed, the upgrade will move to Testnet2, followed by… pic.twitter.com/0sD0ck5lFT

This delay has shifted the overall timeline. The full upgrade is now expected to be ready by the end of this year or in the first quarter of 2026. Developers say it is better to fix these issues now rather than rush into the Mainnet and risk bigger problems later.

Features of Protocol 23

Protocol 23 is an important step for Pi Network. It aims to make the system faster, safer, and more compliant with global regulations. The upgrade will include built-in KYC verification, better scalability through stellar Protocol alignment, Linux node support, and Rust-based smart contracts for secure app development.

Community Reaction

The PI community has mixed feelings about the delay. Some users are frustrated by the slower progress, while others say it is necessary for the long-term success of the network. The Pi coin price has already dropped sharply this year, adding more pressure on the project.

Pi Coin has faced a bearish few months. Its price has fallen sharply to $0.2145, a staggering 92.82% decline from its peak. Despite this downturn, upcoming developments such as the Pi Hackathon and the Protocol 23 upgrade could reverse the same.